PT Chandra Asri Petrochemical (TPIA IJ), a petrochemical
producer, fell 3.9 percent to 2,500 rupiah. Investor Daily
Indonesia reported the company plans to raise as much as $350
million selling new shares in a rights offer next year. Selling
new shares may dilute the stake of existing shareholders.
Chandra Asri Director Suryandi couldn’t be reached when called
at his office in Jakarta.